News – Page 5979

During his weekend visit to Puerto Plata, President Leonel Fernandez promised to turn the north coast destination into a model tourist zone. President Fernandez said that the priority is to find a definitive solution to the problem of the municipal garbage dump, complete the expansion of the state university campus and repair the Malecon in …

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Listin Diario political commentator Orlando Gil acridly criticized the position assumed by President Leonel Fernandez during a presentation at his think tank, the Fundacion Global Democracia y Desarrollo. Gil wrote on Saturday, “If the problems of Haitian migration are going to be discussed at the Global Foundation, then the country has already admitted defeat.” In …

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During Sunday’s broadcast of the President’s weekly TV show, “The Presidential Agenda”, Leonel Fernandez strongly urged the Dominican Congress to pass the corresponding DR-CAFTA legislation as soon as possible. He pointed out the negative consequences should this not go through, which include near exclusion from the United States markets after 2008. Eighty-five percent of Dominican …

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Former general manager of the Central Bank, Apolinar Veloz, revealed that the Central Bank has chosen to disregard suggestions from the International Monetary Fund (IMF) that would have mandated the forced closure of Baninter and permitted an organized process of dissolution of the bank and its assets. The Central Bank opted instead to bale out …

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Constanza, a tourism and farming enclave located in a valley amidst the tallest mountains in the Caribbean, is fifty years behind the times, according to Manuel Gonzalez, a leading farmer in the region. Gonzalez, speaking to Hoy’s economic editor Mario Mendez and others at the Economic Meeting sponsored by the newspaper, said that back in …

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Market day in Dajabon, the city on the Haitian border in the northwestern corner of the Dominican Republic is a throwback to colonial times, with merchants plying their trade on street corners and public plazas. Every Monday and Friday, hundreds of merchants, in every way, shape and form, come to Dajabon from all over Haiti …

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Apparently, the increase in the cost of propane gas in real terms has caused a return to the use of charcoal in many homes. While the price of propane was maintained for a long time at RD$25 pesos per gallon, in real terms, the gas is almost 50% more expensive than it was last year …

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The process of lowering prices, which would be expected given the 31.5% reduction in the cost of a dollar, has fallen far short of that mark. Since last August, prices have fallen by scarcely 2%. This reality has reduced the impact that the lower dollar has had on retail sales and converted the local marketplace …

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When the nation’s largest private bank, the Banco Popular, announced its “Housing Fair” with dozens of housing projects, dozens of builders and dozens of building suppliers as participants, the general attitude was sort of “Ho-Hum.” However after the first three days, the bank had to announce a week-long extension of the fair and in the …

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The dividing median along the highway between Piedra Blanca and La Cumbre is turning into a residential area inhabited by the poor. How newspaper calls the situation an “invasion of impoverished townships.” The area was reforested back in 1996, but six years ago, Haitians seeking a place to live after the closure of the Rio …

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